Center for temporary housing. For people exposed who do not need hospitalization. Staff is monitoring medical needs. Another group of residents facing anxiety is the undocumented community. Organizations uniting to provide health department. Many employers are feeling the financial pressure. They are laying off employees chl some undocumented. Only those with work permits qualify for unemployment. The rest are at the mercy of nonprofits. Right in theheart of San Francisco mission district. A go to spot for many in the community to feel closer to home. Im very concerned. She is hearing firsthand stories of customers. Many used to work atd restaurants and stores. Some are undocumented and dont qualify for unemployment. Also because of the coronavirus. And she is has been working with us. Only for a few hours. Theyre getting calls every day for many in the undocumented community asking for help. A lot of housing insecurity. If they will have a home next month. He virus. Who need the money
Still trying to get the final meetingfrom opec in the that started two hours ago. Those details continue to come through. I want to take a look at the s p 500 on a four day week. It is a shortened holiday week, so the bond markets will be closing in a few hours. It does mean the market is still having some of the best week, going back at one point since 1974. David thank you so much to taylor riggs. As we said, it has been largely a day about the federal reserve. Cioing us is rick rieder, for Global Fixed Income for blackrock and also head of their global Asset Allocation team. Welcome. When i heard this this morning i said my jaw literally dropped. What was your reaction . Rick i am right there with you. This is an incredible amount. It is followed by chair powells presentation afterwards. Not only are they getting into already what they have announced has been incredible. They are going deeper in terms of what they are doing. They are getting at wide swaths of different marketplaces.
Local organizations are uniting to help. While the state is under a shelter at home and shelter many place this neighborhood in oakland got together at a safe distance. Friday night plans looking different under a stay at home under. Socializing goes virtual. We begin of course with the latest coronavirus headlines. Four coronavirus related deaths reported throughout the bay area today. Contra costa reporting two new fatalities. Bay area surged well past the 500 mark in 24 hours. The number of firefighters who tested positive for covid19 increased to 13. 75 others are monitored because they were exposed to those who were sick. The Firefighters Union says one firefighter was admitted to the icu but has been discharged. Three people staying in rvs have tested positive for covid19. They are parked at the event center for temporary housing. For people exposed who do not need hospitalization. Afis monitoring medical needs. Another group of residents facing anxiety is the undocumented commun
We did a bad job of acknowledging that. And i think many economists said, well, were creating a million and a half jobs a year, so if some jobs get lost by trade, even if its 20 or 25,000, thats nothing well, it is nothing unless youre one of those 25,000 people. And a lot of that was concentrated in places like ohio, wisconsin, michigan, pennsylvania. Those are a very smart group. What do those states have in common every four years . Every four years they have something in common, and i think thats probably what kept nafta and trade very much in our american psyche for such a long time. And here we are in miami beach. It is not a surprise that a lot of the cuban population is in miami and in florida. Floridas been a battleground state, and our cuba policy a lot of it has to do with the geography of where i cubans live in this country. So geography has a lot to do with the trade issue and a lot of our politics. Many people on both coasts have enjoyed all the benefits of trade. We have
Nissan scrapped its payout entirely. Changes at the top. Ubs begins its search for a successor to ceo Sergio Ermotti. They are said to be seeking internal and external candidates. Good morning, just under an hour away from the start of the cash equity trading day in europe. Lets take a look at the futures picture. The picture around the asian equity session was one that was flat and negative, and this is the picture we have for european futures. European futures showing a bit of upside to the start of the trading day, as our u. S. Futures. We are expecting to see more movement, but coronavirus remains a big topic of discussion. And expectations about what Central Banks can do is at the forefront of investors minds, when we look at the resilient futures. Lets get to the breaking data. We have german Economic Data for the German Economy, stagnating in the Fourth Quarter. That is our red headline across the board. The quarter on quarter number, unchanged. There is the stagnation for you.